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ResidentialConstruction in Northern California Shows Steady Increase

Home owners in Northern California invested approximately $1000 a minute each business hour during l94O to own a piece of this good earth and a house upon it, according to mortgages selected for appraisal by the district office of the Federal Housing Administration.

A review of applications for mortgage insurance submitted from the 46 counties of the local district reveal that mortgages were selected for appraisal at the rate of. 12 an hour, or one every five minutes, each office hour during the year.

With 24,3@ mortgages, totaling $l0F.,IO2,lO7, the average amount involved in each was slightly more than $4366. This, plus land values or the cost of building lot, represents an average total investment of approximately $500O for each mortgage selected for appraisal.

Despite the large and increasing volume, losses in this district due to the failure or inability of borrowers to carry out their contracts were said to be practically negligible during the more than six years of FHA operations.

"The healthy condition of our local home market is due in large measure to the Federal Housing program which provides for monthly purchase payments well within the reach of average families," in the opinion of D. C. McGinness, district director. "Protection for home owners and lending institutions under this plan has reassured the public as to the safety of owning homes, and has attracted capital back into the field of home mortgage loans.,,

Big Concat in San Francisco Feb. 14

Old Members Urged to Reingtate-All AsLed to Bring a Kitten

A big attendance is expected at the Hoo-Hoo Concatenation to be held at the Fairmont Hotel, San Francisco, on Friday, February 14, at 5:D p.m.

The Concatenation will be followed at 6:59 p.m. by a dinner and entertainment.

Larue 'Woodson, member of the Supreme Nine, and Lewis Godard, Vice-president of Hoo-Hoo Club No. 39, are in charge of arrangements, and have worked hard to make the affair a big success.

The Nine who will conduct the initiation of the candidates are as follows:

Vicegerent Snark, Bert Bryan; Senior Hoo-Hoo, Fritz Dettmann; Junior Hoo-Hoo, Bob Grant and Harry Vincent; Scrivenoter, Carl R. Moore; Bojum, Bert Johnson; Jabberwock, Seth Butler; Custocatian, Larue Woodson; Arcanoper, W. B. Jefferson; Gurdon, Carl Warden.

C. C. Stibich will act as pianist.

The Concatenation will be held in the Gray Room. Dinner will be in the Red Room, and the entertainment to follow will consist of vaudeville acts of high standard.

Reinstatements can be made f.or $2.99, which includes membership for the current Hoo-Hoo year. The cost of initiation and one year's dues for a Kitten is $7.99.

Old members are urged to reinstate and all members are requested to bring along a Kitten. If possible names of those reinstating and of Kittens should be sent to Larue Woodson, c/o Wheeler Osgood Sales Corp., 3045 19th Street, San Francisco, or Lewis A. Godard, c/o Hobbs Wall Lumber Co., 2350 Jerrold Avenue, San Francisco, but if not possible or convenient reinstatements and Kittens will be accepted at the door.

The initiation is open for candidates from all of Northern California.

There will be large delegations from Sacramento, Stockton and other Valley points. All Hoo-Hoo are assured that this will be an evening well worth while.

Frank O'Connor of Donovan Lumber Co., San Francisco, will be master of ceremonies.

The cost of the dinner and entertainment will be $3.00.

Los Angeles Hoo-Hoo Club Luncheon Meeting Feb. 5

Los Angeles Hoo-Hoo Club No. 2 will hold a luncheon meeting Wednesday, February 5, 1941, at the Mona Lisa Cafe (opposite the Ambassador Hotel), 3343 Wilshire Blvd., Los Angeles. Luncheon will be served at l2:@ p.m. All lumbermen are invited to attend.

There is plenty of parking space available for automobiles. Entrance to the parking lot is on South Kenmore Ave., just ofi Wilshire Blvd.

Jack Ivey of Los Angeles, field representative for the Red Cedar Shingle Bureau, will show the Bureau's new all-color, all-talking motion picture travelogue.

The committee arranging for the meeting includes J. E. Martin, Vicegerent Snark, Geo. E. Ream, W. B. Wickersham, A. W. Donovan, Lew Hackett, and R. S. Osgood. Reservations can be made by calling J. E' Martin, 318 Central Building, Los Angeles, Telephone VAndike 4565.

East Bay Hoo-Hoo Club

The regular dinner meeting of East Bay Hoo-Hoo Club No. 39 was held at the Orinda Country Club, Orinda, Calif., on Monday evening, January 27.

President Thos. T. Branson presided over an attendance of more than 80 members and guests.

Larue Woodson, member of the Supreme Nine, spoke briefly on the subject of the Concat to be held at the Fairmont }fotel, San Francisco, on February 14, making an appeal for a big attendance and expressing the hope that there will be a large class of Kittens.

Sacramento Hoo-Hoo Club

Members of Sacramento Hoo-Hoo Club No. 109 heard an important talk by Mr. Beeman of the Traffic Department and saw a talking motion picture entitled ,,The Traffic Problem and the Drunken Driver,,'at their regular dinner meeting, held in Wilson's Confectaurant, Sacramento, on 'Wednesday evening, January 22.

Chas. L. Shepard of Friend & Terry Lumber Co., Sacramento, the Club's president, presided.

Katherine Donovan Wrecked

In spite of efforts by the Coast Guard cutter Shawnee to tow the disabled lumber schooner Katherine Donovan to port the vessel broke away and was beached and wrecked January 24, on the ocean beach south of Humboldt Bay, Calif. The Shawnee rescued the crew of 24. The steamer. owned by the Donovan Lumber Co., was disabled in the storm on the previous day.

BIG VOLUME OF REPAIR LOANS

Repair and modernization (Title 1) loans insured on properties located in the Southern California district num_ bered approximately 28,000 last year, representing an ad_ vance of credit of more than $2,000,000 for the betterment of the physical condition of the properties involved, accord_ ing to an estimate made today by Capt. Wilson G. Bing_ ham, district director.

Art Williamson In East

Art Williamson of California Builders Supply Co., Oak_ land, left January 27 f.or Schenectady, N. Ir. The trip was made on account of the serious illness of his father.